We have sold one property of our pvt. ltd. company & paid necessary long term capital gain tax.
Question- Is MAT applicability on long-term capital gains.
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MAT on capital gains
Replies (6)
No.
MAT is applicable only on business income i.e Net profit
Thanks for the reply, If MAT is more than long term capital gain tax even then we are not supposed to pay mat.
Regards
Regards
| Originally posted by : T T Parwani | ||
 |
Thanks for the reply, If MAT is more than long term capital gain tax even then we are not supposed to pay mat.Regards |  |
Yes
yes mean supposed to pay mat OR not supposed to pay mat.
Suppose to pay whichever is maximum MAT or Actual calculated tax
Your ist answer (mat applicable only on business income ), is capital gain income business income?
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